Tiscali: Sale of Excite to Ask Jeeves Cagliari, 20th May 2005. Tiscali
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Tiscali: Sale of Excite to Ask Jeeves Cagliari, 20th May 2005. Tiscali
Tiscali: Sale of Excite to Ask Jeeves Cagliari, 20th May 2005. Tiscali announces the sale of Excite Italia BV to Ask Jeeves Inc. for a total cash consideration of EUR 6.1 millions. The divesture of Excite Italia BV, which owns the Excite brand in key European countries, ratifies Tiscali’s focus of its portal activities under the Tiscali brand and represents another step of the announced strategy of disposing of non-core assets. About Tiscali Tiscali S.p.A., (Borsa Italiana, Milan: TIS, Euronext, Paris: 005773), is the European Internet Communication Company providing broadband and narrowband access for consumer and business applications as well as innovative communications services and contents. As of 31st March 2005, Tiscali had 5.2 million active users in Italy, Germany, the Netherlands, the UK and the Czech Republic. 1.2 million were broadband customers, of which 235.000 received unbundled services. Tiscali's corporate website can be found at www.tiscali.com. Investor Relations Ph +39 0230901463 - Email:[email protected] Tiscali S.p.A. Sa Illetta 09122 Cagliari Italy www.tiscali.com